Odaily星球日报讯 Bybit 机构负责人 Eugene Cheung 表示比特币和以太坊的基本面仍然异常强劲，机构对加密货币的采用有所增加，并强调摩根士丹利最近决定让财富顾问向客户推销比特币交易所交易基金。Eugene Cheung 认为，预期中的美国降息、美国不断增长的国债以及对加密货币的政治支持增加，都预示着 2024 年下半年价格将上涨。比特币有可能突破当前区间，达到 86,000 美元甚至 105,000 美元的目标。（DLNews）

Bybit机构负责人：BTC仍有可能在下半年达到8.6万美元甚至10.5万美元目标

Odaily Odaily News Bybit Institutional Head Eugene Cheung said that the fundamentals of Bitcoin and Ethereum remain exceptionally strong, and institutional adoption of cryptocurrencies has increased, and emphasized Morgan Stanley&#39;s recent decision to let wealth advisors promote Bitcoin exchange-traded funds to clients. Eugene Cheung believes that the expected US interest rate cuts, the growing US national debt, and increased political support for cryptocurrencies all point to higher prices in the second half of 2024. Bitcoin has the potential to break out of its current range and reach a target of $86,000 or even $105,000. (DLNews)

Bybit executive: BTC could still reach a target of $86,000 or even $105,000 in the second half of the year.

Author: Markus Thielen
Compiled by: Odaily Planet Daily Furuya
Although the bullish sentiment in the Bitcoin and cryptocurrency sector is prevalent, it is sometimes crucial to protect wealth or take advantage of significant price declines.

On October 3, 2023, we published an article predicting a significant rebound in Bitcoin, depending on the Federal Reserve maintaining its current stance, and advised "selling when the Federal Reserve first cuts interest rates." This view has been widely followed, as the expected rate cuts appear to be driven by economic weakness rather than a decline in inflation.

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10x Research: Epic-scale collapse in progress, Bitcoin may plummet to $42,000.

According to Odaily, FXPro's senior market analyst Alex Kuptsikevich stated that "the downward trend of Bitcoin may continue to $42,000. At the lowest point, Bitcoin fell below the 50-week moving average. If there is no strong buying support at the moment, the price will continue to fall, which will trigger more active selling, just like at the end of 2021 and the beginning of 2022. If this position cannot be defended, then it may be necessary to prepare for the price to fail towards $42,000." (Cointelegraph)

FXPro analyst: The downward trend of Bitcoin may continue to $42,000.

Odaily reported that CryptoQuant posted on X platform stating that Bitcoin has dropped over 16% in the past 24 hours, breaking the $57,000 support level. This means the price may drop to $40,000. Currently, traders are facing the lowest unrealized profit margin since November 2022.